Walmart sells robotics business to Symbotic — SupermarketNews.com

Symbotic has agreed to purchase Walmart’s robotics business:

“The deal is part of an agreement to expand the retailer’s automated supply chain. Symbotic will work with Walmart to create an AI-enabled robotics platform that will result in accelerated online pickup and delivery options at its delivery centers. Walmart will fund that development program and pay Symbotic $520 million, including some $230 million at closing, for the agreement which includes an initial order affecting hundreds of stores.“

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